Marcus & Millichap Real Estate Investment Services, Inc. closed the sale of a 43,770-square-foot net-leased Walmart in Malden, Missouri. The asset sold for more than $2.9 million.
Jared Shapiro, Craig Fuller, Erin Patton and Scott Wiles, investment specialists in Marcus & Millichap’s Cleveland and Columbus offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company private investor.
The buyer, a limited liability company, was secured and represented by the same team. David Saverin, Missouri Broker of Record, assisted in closing this transaction.
Walmart is located at 1007 N. Douglass St. in Malden. The property has five years remaining on the lease and closed as an all-cash transaction, with a very competitive bidding process.
